I was lucky to have got in and out in the last 24 months and made a good return. However when I sold at $6 I thought it was a good stock but fully valued.
If I am honest I thought the floor would be $3 but todays announcement was ugly, makes management look incompetent at best.
All the above said, assuming write downs to come the biggest concern is rolling over the debt. If it can be rolled over than hard to think this is not oversold and won't be back to $4 in 12 - 24 months.
Over Sold, page-417
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